Supply-chain Woes Weigh on Jet Deliveries at Gulfstream Aerospace | Aviation International News

Supply-chain Woes Weigh on Gulfstream Deliveries

Company now expects to miss 2023 delivery forecast of 145 by up to six business aircraft due to supply-chain issues.

Gulfstream G500 — Gulfstream now expects to miss its 2023 delivery forecast of 145 jets by five or six aircraft thanks to industry-wide supply-chain issues. (Photo: Gulfstream Aerospace)

By Chad Trautvetter • Online Editor

July 26, 2023

Gulfstream Aerospace delivered 45 aircraft (35 large-cabin and 10 super-midsize G280s) in the first half of 2023, down from 47 (38 large-cabin and nine G280s) a year ago, and will miss its 2023 delivery forecast of 145 by five or six units, Phebe Novakovic, chairman and CEO of parent company General Dynamics, said this morning during a quarterly investor call. In the second quarter, the Savannah, Georgia-based aircraft manufacturer handed over 24 aircraft (18 large-cabin and six G280s), up from 22 jets (17 large-cabin and five G280s) in the same period last year.

According to Novakovic, Gulfstream expects to deliver 27 aircraft in the third quarter, meaning almost half of this year’s aircraft handovers—approximately 68—will be in the fourth quarter. Nineteen of these will be for the G700, which is now slated to receive FAA certification in the fourth quarter and allow “sufficient time” for delivery by year-end, she said. The five or six jets that will not be delivered this year “are not G700s,” Novakovic noted, and are related to supply-chain issues.

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